By Taylor Fox
New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $2.75 million of 0% trigger autocallable notes due Nov. 30, 2022 linked to the Russell 1000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 11.9% if the index closes at or above its initial level on any quarterly observation date.
If note called, the payout at maturity will be par unless the index finishes below the 75% downside threshold level, in which case investors will lose 1% for every 1% decline of the index.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $2,746,000
|
| Maturity: | Nov. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If not called, par unless the index finishes below the downside threshold level, in which case 1% loss for every 1% decline of the index
|
| Call: | At par plus 11.9% per year if index closes at or above its initial level on any quarterly observation date, including at maturity
|
| Initial level: | 1,318.058
|
| Downside threshold: | 988.544, 75% of initial levels
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 30
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 48132N323
|
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